ACC.007/47 29 March 2004 President The Stock Exchange of Thailand 62 Rachadapisek Road, Klongtoey Bangkok 10110 Subject : Additional Investment In Inkjet Images(Thailand) Co.,Ltd. Master AD PLC (MACO or the Company) held a board of director's meeting (2/2004) on Friday 26 March 2004 where a resolution is to Acquire more shares of Inkjet Images (Thailand) Co.,Ltd. This transaction is not Qualified as a connected transaction with following details; 1. The date on which the transaction occurred: 29 March 2004 2. The parties involved Name Relationship with the company Buyer : Master Ad.PLC - Seller : Mr.Nitus Thungsangprateep - 3.The general characteristics of the transaction MACO will purchase Inkjet Images(Thailand)co.,Ltd. s ordinary Shares from Mr.Nitus Thungsangprateep. 4. The details of the assets involved 4.1 Securities Inkjet Images (Thailand) Co.,Ltd. - Number of securities acquired : 33,333 Shares - Price per share : 24.54Baht (Book value) - Proportion of securities holding before : 27.78% - Proportion of securities holding after : 33.33 % 4.2. Main Business of Inkjet Images (Thailand) : Advertisement 5. The tolal value of the consideration: 817,991.82 Baht The type of payment : Cash 6. The value of the assets acquired : 817,991.82 Baht 7. The details of the connected persons and of related person: This transaction is not qualified as a connected transaction. 8. Valuation criteria : Book Value as of December 31 2003 9.Reasons for Investment Acquiring more shares in the profitable company means more Profit sharing for the investors. 10.The benefit expected to be received: We expect to receive more profit from this investment. 11.The sources of funds : From MACO s operating cash flow 12.Comment of the Audit committee : The audit committee considered this investment as a profitable Investment due to acquiring more shares in a profitable company. 13. Calculation base on the rule of consideration paid or received compare with the value of assets of the listed company or the listed company can its subsidiaries, the value is 0.15 . which is not under the rule of acquisition and disposition of assets and the category related. Please be kindly informed accordingly. Yours Sincerely , Master Ad PLC. (Noppadon Tansalarak) President & CEO (Piched Maneerattanaporn) Director